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Wednesday, June 23, 2010

Not a yacht but a ship all the same


A photo of the "Mofarrij-D" (built 1960, LOA 172.9m, GT 17826, DW 25867), one of six ageing bulk carriers which my Saudi boss Sheikh Abdulghani Abdulrahiem Mofarrij, in a sudden rush of blood to his head, had bought in mid-1983.

I will never forget the day he asked me to accompany him to the offices of the Greek shipping company INTERTRANS in Piraeus. There a Greek lawyer presented him with a whole ream of legal papers which, entirely drawn up in the Greek language, documented his purchase of six rustbuckets that would become the company fleet of "Mofarrij-A", "Mofarrij-B", "Mofarrij-C" "Mofarrij-D", "Mofarrij-F", and "Mofarrij-G".

Despite my whispered urgings not to sign anything he could not read, let alone buy ships which, judged by their appearance, where in worse shape than Lord Jim's "Patna", he initialled every page and signed on the dotted line.

Not surprisingly, all six vessels finished up with the knackers in Chittagong in Bangladesh and Huangpu in China less than two years later but by that time I had already resigned from my position as Group Financial Controller as I simply couldn't bear to see the business go down the toilet through sheer stupidity.

See related story TAREing my hair out.